Common use of Due Organization, Good Standing and Corporate Power Clause in Contracts

Due Organization, Good Standing and Corporate Power. Each of the Company and its Subsidiaries is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation and each such corporation has all requisite corporate power and authority to own, lease and operate its properties and to carry on its business as now being conducted. Each of the Company and its Subsidiaries is duly qualified or licensed to do business and is in good standing in each jurisdiction in which the property owned, leased or operated by it or the nature of the business conducted by it makes such qualification necessary, except in such jurisdictions where the failure to be so qualified or licensed and in good standing would not have a material adverse effect on the business, operations, results of operations, or financial condition (the "Condition") of the Company and its Subsidiaries taken as a whole. The Company has made available to Parent and Sub complete and correct copies of the Certificate of Incorporation and By-Laws of the Company and the comparable governing documents of each of its Subsidiaries, in each case as amended to the date of this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (DMW Worldwide Inc)

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Due Organization, Good Standing and Corporate Power. Each of the Company and its Subsidiaries is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation and each such corporation has all requisite corporate power and authority to own, lease and operate its properties and to carry on its business as now being conducted. Each of the Company and its Subsidiaries is duly qualified or licensed to do business and is in good standing in each jurisdiction in which the property owned, leased or operated by it or the nature of the business conducted by it makes such qualification necessary, except in such jurisdictions where the failure to be so qualified or licensed and in good standing would not have a material adverse effect on the business, operations, results of operations, or financial condition (the "ConditionCONDITION") of the Company and its Subsidiaries taken as a whole. The Company has made available to Parent and Sub complete and correct copies of the Certificate of Incorporation and By-Laws of the Company and the comparable governing documents of each of its Subsidiaries, in each case as amended to the date of this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Americomm Direct Marketing Inc)

Due Organization, Good Standing and Corporate Power. Each of the Company and its Subsidiaries is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation and each such corporation has all requisite corporate power and authority to own, lease and operate its properties and to carry on its business as now being conducted. Each of the Company and its Subsidiaries is duly qualified or licensed to do business and is in good standing in each jurisdiction in which the property owned, leased or operated by it or the nature of the business conducted by it makes such qualification necessary, except in such jurisdictions where the failure to be so qualified or licensed and in good standing would not have a material adverse effect on the business, prospects, operations, results of operations, or financial condition (the "Condition") of the Company and its Subsidiaries taken as a whole. The Company has made available to Parent and Sub complete and correct copies of the Certificate of Incorporation and By-Laws of the Company and the comparable governing documents of each of its Subsidiaries, in each case as amended to and as in effect as of the date this representation and warranty is given (the "Certificate of this AgreementIncorporation" and "By-Laws," respectively).

Appears in 1 contract

Samples: Stock Subscription Agreement (Genad Connector Corp)

Due Organization, Good Standing and Corporate Power. Each of the Company and its Subsidiaries is a corporation duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation and each such corporation has all requisite corporate power and authority to own, lease and operate its properties and to carry on its business as now being conducted. Each of the Company and its Subsidiaries is duly qualified or licensed to do business and is in good standing in each jurisdiction in which the property owned, leased or operated by it or the nature of the business conducted by it makes such qualification necessary, except in such jurisdictions where the failure to be so qualified or licensed and in good standing would not have a material adverse effect on the business, prospects, operations, results of operations, or financial condition (the "Condition") of the Company and its Subsidiaries taken as a whole. The Company has made available to Parent and Sub complete and correct copies of the Certificate of Incorporation and By-Laws of the Company and the comparable governing documents of each of its Subsidiaries, in each case as amended to the date of this Agreement.

Appears in 1 contract

Samples: Subscription and Redemption Agreement (Outsourcing Solutions Inc)

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Due Organization, Good Standing and Corporate Power. Each Except as disclosed in Schedule 2.1(a) hereto, each of the Company and its Subsidiaries subsidiaries is a corporation duly organizedincorporated, validly existing and in good standing under the laws of the jurisdiction of its incorporation and each such corporation has all requisite corporate power and authority to own, lease and operate its properties and to carry on its business as now being conducted. Each of the Company and its Subsidiaries subsidiaries is duly qualified or licensed to do business and is in good standing in each jurisdiction in which the property owned, leased or operated by it or the nature of the business conducted by it makes such qualification necessary, except in such jurisdictions where the failure to be so qualified or licensed and in good standing would not have a material adverse effect on the business, properties, assets, liabilities, operations, results of operations, or financial condition (financial or otherwise) (collectively, the "Condition") of the Company and its Subsidiaries subsidiaries taken as a whole. The Company has made available to Parent certificate of incorporation and Sub complete and correct copies bylaws of the Certificate of Incorporation Company, as amended and By-Laws to be in effect as of the Company and Effective Time, shall be substantially in the comparable governing documents of each of its Subsidiaries, in each case form attached hereto as amended to the date of this Agreement.Exhibit C.

Appears in 1 contract

Samples: Agreement and Plan of Merger (United Petroleum Corp)

Due Organization, Good Standing and Corporate Power. Each of the Company and its Significant Subsidiaries is a corporation duly organizedincorporated, validly existing and in good standing under the laws of the jurisdiction of its incorporation and each such corporation Person has all requisite power (corporate power or otherwise) and authority to own, lease and operate its properties and to carry on its business as now being conducted. Each of the The Company and each of its Significant Subsidiaries is duly qualified or licensed to do business and is in good standing in each jurisdiction in which the property owned, leased or operated by it it, or the nature of the business conducted by it makes such qualification necessary, except in such jurisdictions where the failure to be so qualified or licensed and in good standing would does not have a material adverse effect Material Adverse Effect on the business, operations, results of operations, or financial condition (the "Condition") of the Company and its Subsidiaries taken as a wholeCompany. The Company has made available to Parent and Sub Purchasers prior to the date hereof complete and correct copies of the Certificate Company's certificate of Incorporation incorporation and the Company's By-Laws of the Company laws and the comparable governing documents of each of its Significant Subsidiaries, in each case case, as amended to and in full force and effect as of the date of this Agreementhereof.

Appears in 1 contract

Samples: Stock Purchase Agreement (AMH Holdings, Inc.)

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